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Feb 1, 2013
02/13
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. >> we have massive deficit, big tax increase. no apparent willingness to get government off people's backs by reducing government spending. all of that is a heavy weight on the private sector. firms around the nation are sitting on their cash instead of creating jobs. >> on wednesday, the commerce department announced economic growth fell to a minus tenth of a percent, the last three months of last year. so the chairman of the president's council of economic advisors says other indicators remain positive. >> consumer spending increased. business investment; particularly, for equipment and software was strong. residential construction was strong. we are seeing signs of that in the jobs report. >> it also showed a larger number of people dropped out of the labor force than found jobs. former administration economist says some of that is to be expected. >> the population is aging, so we expect to have a fair number of people retiring every month for the next ten years or more as the baby boom is retiring. >> actually, the conference
. >> we have massive deficit, big tax increase. no apparent willingness to get government off people's backs by reducing government spending. all of that is a heavy weight on the private sector. firms around the nation are sitting on their cash instead of creating jobs. >> on wednesday, the commerce department announced economic growth fell to a minus tenth of a percent, the last three months of last year. so the chairman of the president's council of economic advisors says other...
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Feb 1, 2013
02/13
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CSPAN2
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i'm already paying my taxes and i've got the minimum wage. why don't you do something about the retirement. i might not make any money this year. but it simple, if it is so simple i can do it and it's good for my employees and good to do. we don't have to do it for everybody in the whole country at once. we could take a simple point. so i would invite each of you to submit to me or to us the idea of free of anything that you can think of to get responsibility that would encourage enterprise to start or offer a voluntary plan that would promote to the savings level that are appropriate. if you were to do it would you do it for any business or would you do it for a small business how would you define the enterprise that you would do such a thing for? anyone have a response? >> i'm going to go up to my class monday and give your challenge and then see what they can come up with. >> i'm quite -- >> they are likely to come up with excellent ideas. >> give them the idea saying what you are going into business and you have a lot of other things to d
i'm already paying my taxes and i've got the minimum wage. why don't you do something about the retirement. i might not make any money this year. but it simple, if it is so simple i can do it and it's good for my employees and good to do. we don't have to do it for everybody in the whole country at once. we could take a simple point. so i would invite each of you to submit to me or to us the idea of free of anything that you can think of to get responsibility that would encourage enterprise to...
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Feb 1, 2013
02/13
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CNBC
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one, clarification from washington, a grand bergan encompassing deficit reduction with tax reform, entime reform and deschristianry spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging economies, like china, and finally the federal successfully engineering a modest increase in interest rates without unleashing runaway inflation. maria, these are tall orders, i know, but resolution of all these issues would be a huge boost to business confidence, capital expenditures and hiring would increase dramatically and revenues would rise, and that's what we need, maria. back to you. >> that's some list, bob. >> pretty ambitious. >> we'll be watching that. not everybody is buying into this bull market theory, by the way. pimco's bill gross is actually warning investors to be afraid, and i mean very
one, clarification from washington, a grand bergan encompassing deficit reduction with tax reform, entime reform and deschristianry spending reforms in areas like debt. extension of the debt ceiling for two years. clarification on europe. first, the recession needs to stabilize, but beyond that, policy initiatives clearly indicate a road to political and fiscal and banking reforms and an indication that europe is serious about improving competitiveness. resumption of growth in emerging...
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year due to the payroll tax coming back. so we do think that is going to hurt the consumer toward the end of the year and consumption makes up 71% of our economic growth. david: well, jeff, it is guessing game whether we're going into recession or not but no guessing game about europe. europe is in a recession. you think it will stay there for all of 2013 that is pretty bearish. why do you think so? >> well i think the market is happy right now because the market looks at two things. euro stronger relative to the dollar. that is a good sign the market is looking for. and our 10-year, spanish government bond yield is lower than they were two months ago or three months agop or six months ago. those conditions hold. crisis is over, right, david? wrong. when you look at actual data, credit, the credit to the private sector continues to contract and for me that is the heart of industry. and that means you're going to be recession. 2013. >> that is the outlook. if you believe, mark maybe in the next couple years we might see reces
year due to the payroll tax coming back. so we do think that is going to hurt the consumer toward the end of the year and consumption makes up 71% of our economic growth. david: well, jeff, it is guessing game whether we're going into recession or not but no guessing game about europe. europe is in a recession. you think it will stay there for all of 2013 that is pretty bearish. why do you think so? >> well i think the market is happy right now because the market looks at two things. euro...
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and we also saw retail jobs hold in there, even as a payroll tax expiration, the holiday expiration, many worry that you see retail jobs get hit. that didn't happen at you will. we saw so much information, some of it conflicts, wolf, about what is happening on the economy. gdp over here on the bearish side of the ledger. it actually sha rank. that's a job concern. jobless claims rose in the recent week. consumer confident got hit. but durable goods, home prices, the fed, private sector job growth, all of those are lining up in favor of continued growth in the u.s. economy. wolf? >> christine, thank you. >>> president obama reportedly will be changing offices in the coming months, at least for a temporary period. the president will move out of the white house oval office into a replica across the street in the eisenhower executive office building. the current oval office was built during franklin roosevelt's term. it's due for a major, major renovation. >>> sad news from former president george w. bush and his wife laura, their 12-year-old dog has died. barney guarded the south lawn e
and we also saw retail jobs hold in there, even as a payroll tax expiration, the holiday expiration, many worry that you see retail jobs get hit. that didn't happen at you will. we saw so much information, some of it conflicts, wolf, about what is happening on the economy. gdp over here on the bearish side of the ledger. it actually sha rank. that's a job concern. jobless claims rose in the recent week. consumer confident got hit. but durable goods, home prices, the fed, private sector job...
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today which will allow foreign governments more powers to crackdown on tax evaders according to the new law which is called the administrative assistants act group requests in accordance with the international standard will now be possible but swiss lawmakers have been keen to point out that fishing expeditions in other words large scale demands for information on possible tax dodgers will not be excepted now according to the global organization a parliamentarian against corruption losses due to corrupt practices including tax evasion a quote to combine the confines of quantum is of switzerland south africa banned. a lot of money. for now for today even but more coming up here in r.t. we catch up with the director brian de palma who talks to r.t. is. about smiles invasion and the military that powers america. you know i can kind of sort of understand the mindset of an evil dictator i have trouble understanding what is going on or maybe not going on in the minds of the terrified cogs who believe all the propaganda give up all their rights for the losing of safety to coach jerry seinf
today which will allow foreign governments more powers to crackdown on tax evaders according to the new law which is called the administrative assistants act group requests in accordance with the international standard will now be possible but swiss lawmakers have been keen to point out that fishing expeditions in other words large scale demands for information on possible tax dodgers will not be excepted now according to the global organization a parliamentarian against corruption losses due...
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today which will allow foreign governments more powers to crackdown on tax evaders according to the new law which is called the administrative assistants act group requests in accordance with the international standard will now be possible but swiss law makers have been keen to point out that fishing expeditions in other words laws demands for information on possible tax dodgers will not be excepted now according to the global organization a parliamentarian against corruption losses due to corrupt practices including tax evasion a quote to combine the confines of quantum is of switzerland south africa banned. a lot of money for the business for now for today even but more coming up here in r.t. we catch up with the director brian de palma who talks to ati's. about smiles invasion and the military that powers america. you know i can kind of sort of understand the mindset of an evil dictator i have trouble understanding what is going on or maybe not going on in the minds of the terrified cogs who believe all the propaganda give up all their rights for the illusion of safety to coach j
today which will allow foreign governments more powers to crackdown on tax evaders according to the new law which is called the administrative assistants act group requests in accordance with the international standard will now be possible but swiss law makers have been keen to point out that fishing expeditions in other words laws demands for information on possible tax dodgers will not be excepted now according to the global organization a parliamentarian against corruption losses due to...
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Feb 1, 2013
02/13
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KQED
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filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift up the people of this country. and no government doesn't have to do everything. of course. we understand that. but you know, the idea of declaring the wealthiest few in the country, the job creators, well, the job creators are the people who either do or do not have money to go to the stores and purchase things and to do for their families. and when they can't the economy sinks. >> rose: i want to talk about all of those, whether the digital revolution, but with washington we just had an election. >> yeah. >> rose: president obama re-elected. we see now some movement towards immigration reform. >> yeah. >> r
filibustering in the senate, feel that it's way more important to further reduce the trivial inheritance tax on the wealthiest one tenth of 1 percent than it is to address the millions of unemployed who have needs that are not being met. and of course you could pair this-- (applause) >> in different ways. we really have to take stock of the fact we're not doing justice by our education system, by our infrastructure, by our research and development, by the policies that are needed to lift...
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Feb 1, 2013
02/13
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CNBC
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would i have said had we not had any contractionary moves, the ending of the payroll tax cut and also the sequester, whatever cut we see coming out of there, i would have said probably close to 3% because of the kick up in the housing market. clearly there's a rebound there that's very, very good news. when you factor in the drag we'll get at the end of the tax cut and we don't know exactly what we'll see in sequester-related cuts, that will approximate some off gdp growth, so maybe 2 or upped. not a good story. >> it's a question of balance. >> if that's the case, and would i like to know whether you agree with that, ken, the question is this market priced for perfection, and are we poised for a decline given the fact that the economy won't keep up with expectations? >> i think the risks are balanced. weak growth, moderate growth, and i agree 2%, though maybe towards the end of the year it will be looking better, but, you know, i don't think we're like really likely to swing in recession neglecting the q4 gdp number. growth could turn out to be better. i think it's balanced risk, mod
would i have said had we not had any contractionary moves, the ending of the payroll tax cut and also the sequester, whatever cut we see coming out of there, i would have said probably close to 3% because of the kick up in the housing market. clearly there's a rebound there that's very, very good news. when you factor in the drag we'll get at the end of the tax cut and we don't know exactly what we'll see in sequester-related cuts, that will approximate some off gdp growth, so maybe 2 or upped....
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it was a great number, but when you look forward, my concern is the new tax policies that are in place. and that amount of money may not be in consumers' pockets going forward. so it's been a great rally here in january. but i look for a pullback and i think we could see a 5% pullback when you look at interest rates hovering around 200 basis points, can't really pop any higher than that from a yield standpoint. i agree a correction is in the air and it is something we have to take a little pause, see where we're at and where we may go going forward. liz: yeah, i mean, we can't ignore the fact -- i want to check it because it changes moment by moment -- but the vix just at 13, straddling there? i mean alan you are looking at an energy and commodities picture over there. but when there is very little fear, and rising stocks, rising commodities, and a falling volatility index that just looks -- i mean we're showing intraday here, which is a little useless, you know, we've spread it out and you can see especially if we took a two year or one year, you can see how far we've fallen. does tha
it was a great number, but when you look forward, my concern is the new tax policies that are in place. and that amount of money may not be in consumers' pockets going forward. so it's been a great rally here in january. but i look for a pullback and i think we could see a 5% pullback when you look at interest rates hovering around 200 basis points, can't really pop any higher than that from a yield standpoint. i agree a correction is in the air and it is something we have to take a little...
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Feb 1, 2013
02/13
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i will be pouring a lot into the tax coffers. that will make a difference in terms of people who are less skilled if we think we will have a safety net that has to be funded spirit take the immigration system off the table, a lifetime net tax rate is going up no matter what we do. for the baby boomers, that tax rate is in the neighborhood of the 20's. where now talking about a tax rate in the 70 +. you want to look the will make that possible impact in that fiscal terms. that is a crude way of talking about it, but in humanitarian immigrationen't any enforcement regime, we are doing something that is on sound. step one, acknowledged that in the immigration law that says a person, is not a bad person >> there were 13.6 million people who apply for diversity lotteries in 2010. those people were an understatement, because they were heads of households who had a spouse and kids. all but that number by two, three, four. think about the number of people without a high-school diploma. these are not bad people. step one, understand not o
i will be pouring a lot into the tax coffers. that will make a difference in terms of people who are less skilled if we think we will have a safety net that has to be funded spirit take the immigration system off the table, a lifetime net tax rate is going up no matter what we do. for the baby boomers, that tax rate is in the neighborhood of the 20's. where now talking about a tax rate in the 70 +. you want to look the will make that possible impact in that fiscal terms. that is a crude way of...
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Feb 1, 2013
02/13
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CNBC
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tax reform. and continued -- what you need is the animal spirits of the u.s. economy to come back. i don't see evidence of that myself. i think the other guest on m me right now, hitting it on manned e's report. a goldy locks report in that things are fin for the moment. . the feds still involved and that great. the question is when do you get off. equities run up quite a bit in the last year and what half and i could see a slow down coming up. this january looks like the three three januarys at this point in time. i'm not overly apt mystic as well. i might have a slightly different take on things right now. >> mike sb is there one particular cells signal i should watch for right now. >> i don't know about the previous guest ten-year target, but i think what happen says if rates rice, especially caused by the bond market self and not the fed or other central banks around the world, that could choke off u.s. economic recovery quickly. the other issue is while jobs appear to be growing they don't appear to be growing at a rate that's going to provide that big aggressive move in the h
tax reform. and continued -- what you need is the animal spirits of the u.s. economy to come back. i don't see evidence of that myself. i think the other guest on m me right now, hitting it on manned e's report. a goldy locks report in that things are fin for the moment. . the feds still involved and that great. the question is when do you get off. equities run up quite a bit in the last year and what half and i could see a slow down coming up. this january looks like the three three januarys...
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today which will allow foreign governments more powers to crack down on tax evaders according to the new tax administrative assessment act group requests in accordance with the international standard will be possible now but swiss lawmakers have been keen to point out that fishing expeditions large scale demands for information on possible tax dodgers well not be excepted according to the global organization of parliamentarians against corruption due to corrupt practices ranging from bribery to their tax evasion would be equivalent to the calm find economies of whites learned south africa and. all business now be back in a less than two hours time next they all take catches up with director brian de palma from money he talks to ati eight talks about every product about spies invasion and the military that power was america. sigrid laboratory to mccurry was able to build a new needs most sophisticated robot which all unfortunately doesn't give a darn about anything turns mission to teach creation why it should care about humans and worry that this is why you should care only on the do
today which will allow foreign governments more powers to crack down on tax evaders according to the new tax administrative assessment act group requests in accordance with the international standard will be possible now but swiss lawmakers have been keen to point out that fishing expeditions large scale demands for information on possible tax dodgers well not be excepted according to the global organization of parliamentarians against corruption due to corrupt practices ranging from bribery to...
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wall street got all excited after tax records showed that a close out 2012 with more jobs being created than expected within the last few months of the year. certainly a positive sign for the economy. we're still above that mark. just 200 points away from an all-time high. we will be watching this market very closely. the s&p closing out its best january since 1997. if you're a woman chances are the guy sitting next year is getting paid more than you are. men out earned women in all 21 professions that bloomberg looked at for 2007. a man earning 62% more than their female counterparts as doctors. men may outturn women but we will know how to spend it. a lot of women know this brand. mary kay cosmetics. they're celebrating their golden anniversary. the cosmetics company revamping their website. this mobile shopping is your thing mary kay plans to debut a mobile version of the web site. thanks teal. still to come this midday. the medicine in your cabinet that's being recalled. but first, country star brett eldredge is here. he's talking with dina right now hey dina! we are so happy that y
wall street got all excited after tax records showed that a close out 2012 with more jobs being created than expected within the last few months of the year. certainly a positive sign for the economy. we're still above that mark. just 200 points away from an all-time high. we will be watching this market very closely. the s&p closing out its best january since 1997. if you're a woman chances are the guy sitting next year is getting paid more than you are. men out earned women in all 21...
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and we move on tax dodges across europe no longer have any. swiss law takes force today which will allow foreign governments more powers to crack down on tax evaders according to the new tax administrative assessment act group requests in accordance with the international standard will be possible now but swiss law makers have been keen to point out that fishing expeditions large scale demands for information on possible tax dodgers well not be accepted according to the global organization of parliamentarians against corruption due to corrupt practices ranging from bribery to theft and tax evasion would be equivalent to the home find economies of whites learned south africa and. asked all the business bobbie about ls in two hours time next they all say catches up with director brian de palma from he talks to ati eight talks about about spies invasion and the military about power was america. good laboratory to mccurdy was able to build on these most sophisticated robots which will unfortunately doesn't give a darn about anything tim's mission
and we move on tax dodges across europe no longer have any. swiss law takes force today which will allow foreign governments more powers to crack down on tax evaders according to the new tax administrative assessment act group requests in accordance with the international standard will be possible now but swiss law makers have been keen to point out that fishing expeditions large scale demands for information on possible tax dodgers well not be accepted according to the global organization of...
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Feb 1, 2013
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they started out with a $6.-- 6.2% social security taxes. they are mandate labeling mandate for for each $1 increase in the minimum wage. that's nearly $25,000 per year. they have paid sick leave mandates and not re-litigated any issues. i'm saying for you're operating a business, those are some of the mandates you start out paying, and we have to be careful about thinking about new ones. there's the health care mandates coming on, again, not to re-litigate them, if i were the owner of that twenty fast food restaurants, they tell me that they offer health care to their 542 employees, only 34 take it. if nothing changed next year, that is with the health care law didn't go in to effect, they would be spending $94,000 on health care under the health care law. if they opt to pay the penalty they'll be spending a million dollars instead of 94. that exceeds the net profit for the year 2013. if they were decide themselves to continue to offer health care, their cost would be between $400 ,000 and $1.4 million. you can apply the same sort of reason
they started out with a $6.-- 6.2% social security taxes. they are mandate labeling mandate for for each $1 increase in the minimum wage. that's nearly $25,000 per year. they have paid sick leave mandates and not re-litigated any issues. i'm saying for you're operating a business, those are some of the mandates you start out paying, and we have to be careful about thinking about new ones. there's the health care mandates coming on, again, not to re-litigate them, if i were the owner of that...
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tax burden. also looking at other companies that you like besides exxon mobile, and i want to get these out. you like allstate insurance, new york mellon the bank, financial industrials tell us something you have favored. financials, first of the year find of a sudden death of the year. >> said think we're going to start to see it play out that these this financial's don't do a lot of lending and insurance companies. you know, the big banks, they have gotten ahead of themselves. i am not a big fan right now. financials, the sectors will have the best earnings growth of any sector. cheryl: we discussed all the earnings. they said a very strong. but at the same time, you get, again, bank of america. there seems to be this crazy split between good banks and bad banks from a stock perspective. >> that is one reason that makes the big banks a bit risky to invest in big is the stock prices have all run up, but if you have any consistency in the margins and the inconsistency. just the voluminous disclos
tax burden. also looking at other companies that you like besides exxon mobile, and i want to get these out. you like allstate insurance, new york mellon the bank, financial industrials tell us something you have favored. financials, first of the year find of a sudden death of the year. >> said think we're going to start to see it play out that these this financial's don't do a lot of lending and insurance companies. you know, the big banks, they have gotten ahead of themselves. i am not...
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can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. britta olsen is my patient. i spend long hours with her checking her heart rate, administering her medication, and just making her comfortable. one night britta told me about a tradition in denmark, "when a person dies," she said, "someone must open the window so the soul can depart." i smiled and squeezed her hand. "not tonight, britta. not tonight." [ female announcer ] to nurses everywhere, thank you, from johnson & johnson. >>> you know, i bet when you order your french fries and then you eat them, you don't think much about how
can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. britta olsen...
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Feb 1, 2013
02/13
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KPIX
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so if you're filing your taxes online, choose h&r block at home. the power software created by the tax experts. file for free now at hrblock.com. chili's lunch combos starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. ( birds chirping ) everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a better day. ♪ >>> with 150,000 fans showing up for the big game the city's public transit system has been gearing up. the first used streetcar line in more than a decade was just finished in time and mark strassmann is taking us for quite a ride you can see him now, mark? >> reporter: good morning, norah and charlie. i'm riding on the loyola avenue streetcar line in downtown new orleans, the city's newest streetcar line ready just in time for the super bowl. i want to show you what's going on ou
so if you're filing your taxes online, choose h&r block at home. the power software created by the tax experts. file for free now at hrblock.com. chili's lunch combos starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. ( birds chirping ) everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor,...
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Feb 1, 2013
02/13
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KRON
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it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. right now best foods mayonnaise is just $2.77. so pile it on. pizza is served. digiorno pizza is just $3.88. and here's a treat. dreyer's ice cream is only $2.88. real big deals this week and every week. only at safeway. ingredients for life. >> 7:26 a.m. and here's a look at the golden gate bridge with beautiful skies here. temperatures in san francisco 49 degrees. arming of to 60s later on today. >> today as hillary clinton's last day serving as secretary of state. in our last interview before she stepped down she said that the attack benghazi was our low point and a time of the americas in her time as america's top diplomat. she suggested that bit of fear over the assault would not affect any decisions about her political
it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. right now best foods mayonnaise is just $2.77. so pile it on. pizza is served. digiorno pizza is just $3.88. and here's a treat....
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he's raised taxes. we will see what the result is, but, again, we have empirical evidence all over the place that it ends in disaster. charles: what's interesting is the golden age of california was revitalized with the tax revolt. you know, 79-80, and that brought back prosperity to them, and back full circle, again, doing these -- prop 30 is crazy. by the way, people think, oh, california, just taxing the rich. if you make more than $48,000, you pay 9%. that's crazy. that's e enormous. >> out of control. illinois has big, big problems. couldn't float debt this week because they were downgraded. if you want to see the future of this country? look at california, look at illinois. we are walking down that path. charles: gerri, you studied this stuff. false assumptions they make, when the money doesn't come in, what's the next move? >> here's what i think. places like california and illinois turn to the federal government and say, hey, taxpayer, hey american taxpayer, pony up because we can't pay our bill
he's raised taxes. we will see what the result is, but, again, we have empirical evidence all over the place that it ends in disaster. charles: what's interesting is the golden age of california was revitalized with the tax revolt. you know, 79-80, and that brought back prosperity to them, and back full circle, again, doing these -- prop 30 is crazy. by the way, people think, oh, california, just taxing the rich. if you make more than $48,000, you pay 9%. that's crazy. that's e enormous....
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Feb 1, 2013
02/13
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KCSMMHZ
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profit and after-tax profit. >> panasonic's net came to $670 million. group sales fell 8% from a year earlier. the company managed to cut costs by slashing jobs. a decline in the price of rare earths and other raw materials was also a help. the firm has kept its forecast for this fiscal year. it expects to lose more than $8 billion. panasonic officials says the business environment could change though the yen's decline would push up sales. competition in the digital product market has been intensifying. >>> sharp said it posted its first profit in five quarters in the final three months of last year. sharp executives say operating profit in the october to december period totalled about $28 million. that came largely from higher than targeted sales of smartphones and crystal television sets. the company set up a goal to start posting profits in the second half of this fiscal year that ended in march this is a condition for the firm to continue to receive support from its main banks. the managing director says the company will make speedy efforts to refor
profit and after-tax profit. >> panasonic's net came to $670 million. group sales fell 8% from a year earlier. the company managed to cut costs by slashing jobs. a decline in the price of rare earths and other raw materials was also a help. the firm has kept its forecast for this fiscal year. it expects to lose more than $8 billion. panasonic officials says the business environment could change though the yen's decline would push up sales. competition in the digital product market has...
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the vast majority of these immigrants are paying taxes. so if -- if the back tax provision shouldn't impact the vast majority of them. it details how much of a penalty there is going to be even if there is going to be one, beyond the back taxes, but i don't think it's unreasonable to request that. because they did sort of break the law. and so nobody out -- immigration reformers aren't going to get hung up over that. because if this is a way for us to improve their lives then that is a small price to pay. >> john: markos moulitsas of day dailycros. thank you so much. >> thank you. >> john: we'll be right back after the break. ♪ question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how
the vast majority of these immigrants are paying taxes. so if -- if the back tax provision shouldn't impact the vast majority of them. it details how much of a penalty there is going to be even if there is going to be one, beyond the back taxes, but i don't think it's unreasonable to request that. because they did sort of break the law. and so nobody out -- immigration reformers aren't going to get hung up over that. because if this is a way for us to improve their lives then that is a small...
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Feb 1, 2013
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, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in washington. however, all federal spending is spending on particular programs. spending is not just bad because it leads to these overall macro economic problems. spending a many hundreds of particular federal program caused damage to society and harm individual freedom and grid all kinds of other problems. so the issue with federal spending on the federal budget is not just the question of whether $3.6 trillion is too much to spend this year. but the problem is whether spending on the hundreds of particular federal programs causes damage to society a
, higher taxes lead to greater economic distortions. again suppressing gdp. and again those facts are not in the basic cbo projection but our fiscal future is much scarier than he usually cbo shows. as government spending grows in coming decades, gdp will be suppressed more and more. it will sort of be like a fiscl death spiral in coming decades unless we make major reform. so those are the big picture problems of federal spending, and these are often discussed by budget wonks and others in...
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Feb 1, 2013
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the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know you're not a stock guy, not going to give me something specific on herbalife but i know you know these guys. who's right? >> so i'll caveat my answer with the fact that i've not studied herbalife. i don't know whether -- knowing all of the different players, i've known some better than others for a long time. dan lobe is one the most talented investors in the world. he's a good friend. and i would never bet against dan lobe. so i think ackman's got a tough road from here. >> thanks for having a little fun with that. carl, you heard it there. do not bet again
the republicans don't want their taxes raised. and the democrats just don't want their entitlements cut. that's the way we're going to keep moving. >> got to have a little fun before we go here down here in beautiful florida. >> sure. yeah. >> you traffic with a lot of hedge fund guys. i know you know dan lowe quite well, carl icahn. i have to ask you because you talked in this group about madoff and pyramid schemes and you talked about how they work. i have to ask you. i know...
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that is not about taxes. it could become about taxes. we seem to have no new federal tax increases on the horizon. you never know how things will shake out. host: brian. new york says he is doing better and worse. tell us why. caller: the question reads, how are americans doing financially? my company, which is an oral -- auto repairs and auto parts, had a decrease in business and revenue in 2012. we have strong years and 2009, 011.0, and 2 when people keep their cars longer, we tend to be busy. looking at myself in 2012, we had some difficulties last year achieving the goals that we established for sales. however, it indicate that the economy is getting better. i have been in this business 35 years. that is consistent. a lot of our regular customers that were hanging onto their cars have bought new cars. if not new, at least one or two years old. that is a good indication that the economy is slowly coming back. guest: for small businesses they are often sole proprietorships or partnerships where the income directly goes to the person wh
that is not about taxes. it could become about taxes. we seem to have no new federal tax increases on the horizon. you never know how things will shake out. host: brian. new york says he is doing better and worse. tell us why. caller: the question reads, how are americans doing financially? my company, which is an oral -- auto repairs and auto parts, had a decrease in business and revenue in 2012. we have strong years and 2009, 011.0, and 2 when people keep their cars longer, we tend to be...
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i'm a citizen and pay taxes. i do not understand why i should be a second-class citizen. >> they were among the demonstrators. they cannot understand what anyone would have to fear from same-sex couples being given equal status with heterosexual couples. >> people say they are not homophobic, but they are against homosexuals. >> you hear stuff like that all the time. i do not understand any of this. this bill will not change anything in the minds of heterosexual. damage to c >> the dutch were once a proud seafaring nation, and over the centuries, they have become skillful at finding ways of living close to water. they've had to. almost half of the country lies below sea level, but the dutch have managed to keep their feet dry, thanks to a clever system of channels, bridges, and levees across the country. what is considered the oldest city in the netherlands was built on the banks of a river that was and still is good for trade, but it also makes the town very susceptible to rising water levels brought on by clima
i'm a citizen and pay taxes. i do not understand why i should be a second-class citizen. >> they were among the demonstrators. they cannot understand what anyone would have to fear from same-sex couples being given equal status with heterosexual couples. >> people say they are not homophobic, but they are against homosexuals. >> you hear stuff like that all the time. i do not understand any of this. this bill will not change anything in the minds of heterosexual. damage to c...
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sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. yeah, we have an economy that's still struggling despite some positive signs like higher consumer spending, higher business investment. the job market is similar. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly awaiting the government's january jobs report. analysts predict the country added jobs last month but not enough to buck the unemployment rate from its current 7.8%. >> it's been a slow process. >> latoya patrick is one of america's estimated 12 million unemployed workers. she's been looking for a job since the fall after graduating with a master's degree. >> i'm not going to lie. it's been really tough sometimes. when you're home, you feel like you feel like you know i spent all this time going to school and it's like nobody's giving you a chance. >> economists say until more people like latoya find jobs the
sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. yeah, we have an economy that's still struggling despite some positive signs like higher consumer spending, higher business investment. the job market is similar. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly...
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. >> he's been talking about leaving golf because of high tax rates. if he'd have shot a 58, it would have given him a reason to leave golf, so we're going to keep him around. >> i've got to say, i was watching soccer. >> really? who was playing? >> no. >> richard got a 58. >> exactly. so we all know the beyonce story by now, right? she had the backing track at the inauguration last week. she finally got around to answering questions about it because, frankly, we haven't heard from her personally. this is at a news conference at the super bowl down in new orleans. she let her singing mostly do the talking. ♪ o'er the land of the free ♪ and the home of the brave ♪ the brave any questions? due to the weather, due to the delay, due to no proper sound check, i did not feel comfortable taking a risk. it was about the president and the inauguration, and i wanted to make him and my country proud. so i decided to sing along with my prerecorded track, which is very common in the music industry. and i'm very proud of my performance. >> so just to go back f
. >> he's been talking about leaving golf because of high tax rates. if he'd have shot a 58, it would have given him a reason to leave golf, so we're going to keep him around. >> i've got to say, i was watching soccer. >> really? who was playing? >> no. >> richard got a 58. >> exactly. so we all know the beyonce story by now, right? she had the backing track at the inauguration last week. she finally got around to answering questions about it because,...
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revolt, that they don't really want to pay these taxes? >> they're crying uncle or uncle sam. after awhile when you squeeze tight and tight and tight -- of course last week phil mickelson was at the brunt of it but he's not the first one. tiger woods came out to his defense and said i left california a long time because of the crazy taxes. by the way, you guys know proposition 30, which layers on. imagine paying 43% to the federal government and another 13% to your state. there is a point where you say enough is enough. i've done my fair share. >>steve: why live in that state when you can move to another state like florida or texas where they don't have -- >> there's been a massive exodus out of california for a long period of time. if phil wanted to move, he'd be on the highway for hours trying to get out. >>gretchen: next, two days before the big game and harry carson, marcus allen hanging out with brian live. coming up next. eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant gives you 1% cash back on all p
revolt, that they don't really want to pay these taxes? >> they're crying uncle or uncle sam. after awhile when you squeeze tight and tight and tight -- of course last week phil mickelson was at the brunt of it but he's not the first one. tiger woods came out to his defense and said i left california a long time because of the crazy taxes. by the way, you guys know proposition 30, which layers on. imagine paying 43% to the federal government and another 13% to your state. there is a point...
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under 65 just to earn i think 400,000 now before you begin increased taxes. it doesn't make sense. medicare is not a cheap program and we all forget this. when you go into medicare you're paying to such a premiums if you're a couple. you are paying two sets of medigap coverage. you're paying two sets of part d coverage. just straight up monthly expenses for health care as delay dramatically at a time when you have probably a fixed income and less opportunity to increase the income in the future. i think we have to be very careful when we look at the beneficiary impact of changes and we need to really understand what we are talking about and how it's going to impact people. the cost sharing in medicare is very high, and so to increase those costs on people is a difficult thing to do. raising the age, all these things go together, and so i worry if we look at them in isolation you can miss some of the problems that happen. >> dana had a thought. >> i can't help but draw the parallel to the commercial side, where we have had for years efforts to try to get health care spending under c
under 65 just to earn i think 400,000 now before you begin increased taxes. it doesn't make sense. medicare is not a cheap program and we all forget this. when you go into medicare you're paying to such a premiums if you're a couple. you are paying two sets of medigap coverage. you're paying two sets of part d coverage. just straight up monthly expenses for health care as delay dramatically at a time when you have probably a fixed income and less opportunity to increase the income in the...
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tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats have to recognize the best way to do it isn't raising marginal rates and underwriting an inefficient system. >> as someone who spent last week at davos and he said that he talked to a large number of european ceos who are eager about investing in the united states because of our projected suspensionly lower energy policy because of shell of course we're going to get out of our way and saying let them do it. but that's encouraging that they can think about moving plants here now. >> absolutely. i was at davos, too, and the most
tax situation we have? i guess that would be a passive, right? and probably at least acknowledging, if the democrats would acknowledge that entitlements are a problem, maybe that would help, right, even if you don't do it immediately? >> so here's the good news. good news is we're so far inside best practices for delivering fiscal policy there's lots of things that we can do to get us to a better position. republicans have to recognize you have to raise the average tax rate. democrats...
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that averts a government default and puts off a clash over taxes and spending for a few months. president obama said he will sign that bill into law. >>> now to a consumer alert for parents about a big recall of children's cough and cold medicines. the makers of triaminic and theraflu warning, they're recalling 2 million packages of medicine. tamper resistant caps may be faulty posing risk of poisoning and the recall follows a dozen consumer complaints. >>> history of priest abuse allegations made public following a court order against the l.a. catholic archdiocese. 30,000 pages of files surrendered. none of the names of the leaders will be blacked out in the documents. the archdiocese agreed to release paperwork which includes personnel files of 89 priests accused of sexually abusing children. the files include the names of anyone involved in possible cover-ups. >> they knew very well. now nobody can say we don't believe you. >> this proves, this really happened. on this scale. it was that bad. and now -- these are their records. >> the church has three weeks to release the doc
that averts a government default and puts off a clash over taxes and spending for a few months. president obama said he will sign that bill into law. >>> now to a consumer alert for parents about a big recall of children's cough and cold medicines. the makers of triaminic and theraflu warning, they're recalling 2 million packages of medicine. tamper resistant caps may be faulty posing risk of poisoning and the recall follows a dozen consumer complaints. >>> history of priest...
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no suggestion there was any motivation about the proposed 57% tax. >>> and we're just about two days away from one of the biggest sporting events in america. the super bowl. the baltimore ravens and the san francisco 49ers are battling it out. there will be plenty of auction off the field. brian shactman has been taking a look at the business of advertising ahead of the big game. >> everyone has their choice for what they consider a classic super bowl ad. whether you like contact, any use of the force, as well as inanment objects knowing how to get down. >> it's that kind of party. hit it. >> the super bowl is one part football, one part tailgate and one part cultural super bowl phenomenon dating back 30 years. >> when we all saw that 1984 xlushl for apple, i think that's when we really all started to loot a commercials in a different light for the super bowl. >> fast forward to 2013 and the ads are scrutinized as much as the game and the cost is enormous. mercedes benz made an eight-figure commitment and brought in super model kate upton to launch an entirely new line of cars. >> it
no suggestion there was any motivation about the proposed 57% tax. >>> and we're just about two days away from one of the biggest sporting events in america. the super bowl. the baltimore ravens and the san francisco 49ers are battling it out. there will be plenty of auction off the field. brian shactman has been taking a look at the business of advertising ahead of the big game. >> everyone has their choice for what they consider a classic super bowl ad. whether you like...
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and after all is said and done, you average about $9 an hour before taxes. it's a situation many americans find themselves in in the working place in the country. and anyone who spent time at all in the food service industry has a story or two over the years to tell about being stiffed on a tip. this story might make you lose a little bit of faith. earlier this week chelsea welch, an applebee's employee, took to social media site readit -- reddit to show a photo of a receipt left by a st. louis pastor, alois bell. according to welch the worker the pastor and her party of i should say 20 ran up more than $200 worth of food but weren't feeling so charitable when it came time to pay. the pastor crossed out the automatic 18% gratuity charge for groups larger than eight and wrote "i give god 10%. why do you get 18?" to emphasize her point a big zero and "pastor" above the signature. the post immediately went viral online. which is when welch says pastor bell called her applebee's employer and demanded everyone working there that night be fired. as a result chelse
and after all is said and done, you average about $9 an hour before taxes. it's a situation many americans find themselves in in the working place in the country. and anyone who spent time at all in the food service industry has a story or two over the years to tell about being stiffed on a tip. this story might make you lose a little bit of faith. earlier this week chelsea welch, an applebee's employee, took to social media site readit -- reddit to show a photo of a receipt left by a st. louis...
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a government investigation find s that the tsa is spending millions of tax dollars on dogs that can't detect explosives. dog teams were secretly followed for a year and failed to find bombs in passenger terminals. the report says the dogs are simply not being trained properly. >>> senate armed services committee could vote on the nomination of chuck hagel to be the next defense secretary. hagel faced off against some former republican senate colleagues yesterday in a bruising confirmation hearing. the sharpest exchange against senator john mccain who criticized hagel's opposition to the troop surge in iraq. and hagel apologized for using the term the jewish lobby in the past. >> i have already said i regret referencing the jewish lobby. i should have said pro israel. i think it is the only time on the record that i have ever said that. >> a republican plan to vote against him. he has backing among many democrats. >>> blinding snow blamed for a deadly pileup on a michigan highway. the mile long stretch of crashes involving 30 trucks and cars. three people were killed including two chil
a government investigation find s that the tsa is spending millions of tax dollars on dogs that can't detect explosives. dog teams were secretly followed for a year and failed to find bombs in passenger terminals. the report says the dogs are simply not being trained properly. >>> senate armed services committee could vote on the nomination of chuck hagel to be the next defense secretary. hagel faced off against some former republican senate colleagues yesterday in a bruising...